It’s a small, but extremely connected world. It certainly is with regard to the ability to access information from all over the planet and the connection you have with business leaders and other key decision makers in every part of the world. This is particularly evident in the world of global business. Global business is the term used to describe any company or organization who conducts business outside of its home country.
All businesses must ensure that they are ready to meet the challenges of global trade. This includes understanding the nuances and politics of international business, and being able to work with colleagues and partners in countries with different cultures from their own.
The undergraduate Journal of Global Business and Trade (JGBT) contains research papers as well as reports and commentaries that pertain to the area of global business. It’s also an official publication of the Consortium for Undergraduate International Business Education (CUIBE).
Whether you are a business owner who is thinking of expanding into international markets or want to make sure your team is prepared to go global, it is important to know the cultural differences that could affect the success of your business abroad. This means understanding the customs of holidays, beliefs, and social customs of the various cultures that you will encounter in your international business ventures. This is an excellent method to increase your “export intelligence.” It may also be helpful to know what you can expect from business colleagues in other countries, such as differing comfort levels with personal space or how to greet a colleague in a different language.